re: Exec Pay Defies DownturnShouldnGÇÖt compensation for a job well done be a re-ward and not a pre-ward? Who invented this model anyway, the NBA? Is it possible to find a sports book in Vegas where one can wager on a CEOGÇÖs performance? Anyone know the latest line on Pat Russo? - IGÇÖve got a Benjie that ainGÇÖt workinGÇÖ and would like to get in on some of that action.
re: Exec Pay Defies DownturnIs it possible to find a sports book in Vegas where one can wager on a CEOGÇÖs performance?
Remember when CNET broadcast their 30 minute "news" show, of which 15 minutes was spent asking some "bookies" to give a thumbs up/down on the upcoming weeks IPOs? Also, it's worth noting that 93% of Wall Street's activities deal with secondary trading, i.e. Wall St. has little to do with raising capital for the economic engines of our country, but don't tell Dubya that. Or if you do, maybe his economic "advisors" can you find you that bookie your looking for ;-)
An interesting articel about the "capital commons" and allocations can be found at
A Proposal for Sharing the Global Capital Commons By Jeff Gates.
An excerpt relevant to this topic below. (It's worth remembering that all this "wealth" comes from us. Why do we give it away so easily? Do we think we can win the CEO lottery or something?)
ItGÇÖs long been clear whose cattle get the fattest in the capital commons. In the four years up to 1999, the 200 most well-to-do people worldwide saw their wealth double to a combined $1 trillion. Two decades ago, the U.S. population included thirteen billionaires. By 2000, there were 274. Between 1982 and 1999, the thirty largest fortunes in the U.S. grew more than ten times larger while, from 1998GÇô2000, the wealth of AmericaGÇÖs 400 richest people grew an average $1.9 million per day or $240,000 per hour, 46,602 times the minimum wage. Over the past thirty years, Fortune magazine reports that the average compensation of the top-paid 100 executives skyrocketed from $1.3 million to $37.5 million, or from 39 times the average workerGÇÖs pay to 1,000 times.
re: Exec Pay Defies DownturnThe company board is not paying attention to the pay of executives so the directors can get more stock options and other monetary benefits. The sad fact is that a majority CEOs are not even qualified to serve as they do not have necessary background and qualifications. The corruption in hiring should be evidfent to anyone who looks at the qualifications of Capella of WorldCom and Pat Russo of Lucent. In fact, Mr. Capella and Mrs. Pat Russo does not have any background in Telecom. Their total compensation is obcene.
We are the most corrupt country in the world as we dot have merit based hiring. If one has the right connection, that individual can be appointed to any position. The corrupt practices are present in every profession, including the US Government.
The corrupt and highly paid CEOs alter their contract and benefits after joining the company. It all happens because the board members do not care. Looking at the Lucent Board, one can project the composition of other Boards throughout the country. To understand the contrast, look at the Siemens Board and their qualifications.
It simply does not make sense for a CEO to make 600 times the salary of an average worker.
These corrupt CEOs of the US companies are not reading the Lightreading reports. They simply do not know what is being said about them.
There is no taget level of performance defined in any company. The government policies are so corrupt that they really do not care whois stealing the corporation assets.
The foreign investors who lost over $8Trillion dollars do not read LightReading reports. The Wall Street Journal canreport if it is broght to their attention by LightReading.
Unfortunately our engineering graduates are never taught a course on ethics, they are largely disinterested in moral and ethical issues.
Since about 1980, the corruption level in the public and private companies have been steadily rising.
Perhaps LightReading should consider reporting on the corrupt CEOs every day.
re: Exec Pay Defies Downturn"Roscitt's compensation for 2002 included .....$801,000 in relocation expenses incurred as he moved from New Jersey to Minnesota."
Clearly a way to "hide" more compensation for Roscitt. What on earth could cost so much that someone would "need" $800K to move to Minnesota of all places?
re: Exec Pay Defies DownturnBobby Hates the world around him. He hates Engineers who have jobs. He hates CEOs who make higher than him. He hates CISCO,LU,NT,ALA 100%. Everyday he posts his vituperations here hoping his Ex-Boss would read it. Its OK to deride companies and CEOs sometimes. But not every 2 hrs. That attitude probably cost your job.Alternatively, Success is not all about the PhD you have but how you channelize your emotional energy and be the best you can.
Bobby,You really 'Maxed' out. Try becoming a Lecturer for a change. Atleast you can find some students who might be impressed with you.
re: Exec Pay Defies Downturn"These corrupt CEOs of the US companies are not reading the Lightreading reports. They simply do not know what is being said about them."
Uhh...do you really think that Lightreading is the only (or even the main) source of information? Of course these execs know what's being said about them. It silly that you would think that this is where important information about the industry is first reported.
Oh, but then again YOU post here, so I suppose you assume that your little missives are somehow inspiring the masses to arise.
You live in an odd, Booby-shaped world, BoobyMax. Please stop reposting the same old crap and come up with something new.
re: Exec Pay Defies DownturnI think they are not so much complaining that executives CAN make good money, but that they can't not make good money. They would prefer a CEO make say $100K for working, maybe a $2M bonus if the company does really well, and get fired with no consolation if they can't make things happen. Oh... wait.... that's an ensgineering job with good stock options. I didn't get an MBA to do that.
Remember when CNET broadcast their 30 minute "news" show, of which 15 minutes was spent asking some "bookies" to give a thumbs up/down on the upcoming weeks IPOs? Also, it's worth noting that 93% of Wall Street's activities deal with secondary trading, i.e. Wall St. has little to do with raising capital for the economic engines of our country, but don't tell Dubya that. Or if you do, maybe his economic "advisors" can you find you that bookie your looking for ;-)
An interesting articel about the "capital commons" and allocations can be found at
A Proposal for Sharing the Global Capital Commons
By Jeff Gates.
http://www.chaordic.org/newsle...
An excerpt relevant to this topic below. (It's worth remembering that all this "wealth" comes from us. Why do we give it away so easily? Do we think we can win the CEO lottery or something?)
ItGÇÖs long been clear whose cattle get the fattest in the capital commons. In the four years up to 1999, the 200 most well-to-do people worldwide saw their wealth double to a combined $1 trillion. Two decades ago, the U.S. population included thirteen billionaires. By 2000, there were 274. Between 1982 and 1999, the thirty largest fortunes in the U.S. grew more than ten times larger while, from 1998GÇô2000, the wealth of AmericaGÇÖs 400 richest people grew an average $1.9 million per day or $240,000 per hour, 46,602 times the minimum wage. Over the past thirty years, Fortune magazine reports that the average compensation of the top-paid 100 executives skyrocketed from $1.3 million to $37.5 million, or from 39 times the average workerGÇÖs pay to 1,000 times.
We are the most corrupt country in the world as we dot have merit based hiring. If one has the right connection, that individual can be appointed to any position. The corrupt practices are present in every profession, including the US Government.
The corrupt and highly paid CEOs alter their contract and benefits after joining the company. It all happens because the board members do not care. Looking at the Lucent Board, one can project the composition of other Boards throughout the country. To understand the contrast, look at the Siemens Board and their qualifications.
It simply does not make sense for a CEO to make 600 times the salary of an average worker.
These corrupt CEOs of the US companies are not reading the Lightreading reports. They simply do not know what is being said about them.
There is no taget level of performance defined in any company. The government policies are so corrupt that they really do not care whois stealing the corporation assets.
The foreign investors who lost over $8Trillion dollars do not read LightReading reports. The Wall Street Journal canreport if it is broght to their attention by LightReading.
Unfortunately our engineering graduates are never taught a course on ethics, they are largely disinterested in moral and ethical issues.
Since about 1980, the corruption level in the public and private companies have been steadily rising.
Perhaps LightReading should consider reporting on the corrupt CEOs every day.
Clearly a way to "hide" more compensation for Roscitt. What on earth could cost so much that someone would "need" $800K to move to Minnesota of all places?
Bobby,You really 'Maxed' out. Try becoming a Lecturer for a change. Atleast you can find some students who might be impressed with you.
Uhh...do you really think that Lightreading is the only (or even the main) source of information? Of course these execs know what's being said about them. It silly that you would think that this is where important information about the industry is first reported.
Oh, but then again YOU post here, so I suppose you assume that your little missives are somehow inspiring the masses to arise.
You live in an odd, Booby-shaped world, BoobyMax.
Please stop reposting the same old crap and come up with something new.
I would think, ADC has a better chance of surviving by fishing for Cuda in the Lakes than making one. I think ADC will merge with Target.
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